Industry Background:
Insulating Glass Window or IG window are made up of two or more thick glasses separated with a filling of either noble gases or metals or structural foams. A good insulation glass is one that has a lower U-Value which determines insulation level, higher R-value determining glazing properties. The separation between the pieces of glasses makes heat trapped giving it excellent thermal and energy conservation properties. The glass also offers acoustic insulation, reduced radiation penetration, and varying levels of transparency features. The rise of sustainable building construction has resulted in rising in demand for IG windows.
According to AMA Research, the market for Insulating Glass Window is expected to register a CAGR of 6.3% during the forecast period to 2030. This growth is primarily driven by Increased Consciousness on Energy Harvesting Keeping Climate Change and Sustainability in Mind
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Building Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Saint-Gobain S.A. (France), Nippon Sheet Glass Co. Ltd. (Japan), Central Glass Co., Ltd. (Japan), AGC Inc. (Japan), Henkel AG & Co. KGaA (Germany), Viracon (United States), The 3M Company (United States), Sisecam (Turkey), Guardian Glass (United States) and Sika AG (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Installed Building Products, Inc. market leaders in the installation of building products acquired Custom Glass & Doors, Inc. who provide glass and plumbing installation servicesThe industry is competitive with new entrants coming from China and India into the market. Although most of the market is captured by Saint-Gobain with Nippon Glass Sheet and others. The market is expected to see a boom in the coming years with increasing awareness and a focus on sustainability and energy conservation. The rise of commercial construction in South Asia and the Asia Pacific region is expected to drive this demand. Innovation in the reduction of CO2 emissions and less power consumption in the manufacturing process would be a game-changer in the coming years
Influencing Trend:
Triple-Paned IG Windows are Preferred More Nowadays in Commercial Building Construction than Traditional Doubled Gazed IG Windows
Market Growth Drivers:
Increased Consciousness on Energy Harvesting Keeping Climate Change and Sustainability in Mind, High Electricity Cost is Urging People to Find for Solution which will Help Save Energy Costs, According to United States Department of Energy, of the Total Energy Consumptions in Homes, 55 % of it was Consumed Only in Heating and Cooling and Increased Construction of Residential Skyscraper Buildings
Challenges:
Need of Improvement in Energy Efficiency of Manufacturing Process as Glass Manufacturing Requires Extremely High Temperatures which Leads to High Energy Consumption, Increase in Research and Development is Required Especially in the Recycling of Glass Context and Reduce CO2 Emissions in Manufacturing Process of Glass
Restraints:
High Cost of Components Especially Sealants as Special Adhesives or Sealants are Used Over Traditional Sealants in the Manufacturing of IG Windows, which have High UV Properties thus Raising the Cost of Manufacturing and Stringent Regulatory Framework Regarding Carbon Gases and Chemicals Used in Glass Industry by European and North American Regulators
Opportunities:
Innovation in More Efficient Glass Manufacturing which Could Help Cut Manufacturing Costs
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Insulating Glass Window Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Insulating Glass Window Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Insulating Glass Window players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Insulating Glass Window Study Sheds Light on
The Insulating Glass Window Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Insulating Glass Window industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Insulating Glass Window industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.